Summary of J. Scott's The Book on Estimating Rehab Costs

By IRB Media

Get the Summary of J. Scott's The Book on Estimating Rehab Costs in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Determine how to accurately estimate all the costs you are likely to face during renovation—and get all of your rehab questions answered in a single place! In The Book on Estimating Rehab Costs, expert real estate investor and fix-and-flipper J Scott reveals the tried-and-tested steps of his professional framework and his methodology for precisely evaluating renovation costs from hundreds of his own successful rehab projects. Learn every detailed tip, trick, and tactic you need to accurately budget any house flipping project or investment property renovation.

• Language: English
• Publisher: IRB Media
• Release date: Dec 10, 2021
• ISBN: 9781669344230

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on J. Scott's The Book on Estimating Rehab Costs

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 1

#1

The author had no experience in real estate or construction when he began rehabbing houses. He could barely change a light bulb. He now wants to share his knowledge with other investors who are in the same situation he was in.

#2

This book will provide a framework for thinking about the tasks associated with renovation projects and the range of costs associated with each of those tasks. While it is meant to be a general guide for all investors, keep in mind that there are many exceptions to the rules, especially in high-cost locations.

#3

There is no such thing as a magic formula for renovating a home. The only way to find out how much a renovation will cost is to do the math and figure it out yourself.

#4

The cost of a particular renovation will vary depending on location, contractors, level of finish, and specifics of the house.

#5

The first thing that will affect the price of your rehab is the time of the year. If you want to get great labor prices, hire some carpenters in upstate New York in the dead of winter.

#6

An unreliable estimation technique is to base your renovation